iShares U.S. Transportation ETF (BATS:IYT) Hits New 1-Year Low – Time to Sell?

iShares U.S. Transportation ETF (BATS:IYT) shares reached a new 52-week low on Monday . The stock traded as low as $70.20 and last traded at $71.63, with a volume of 352812 shares trading hands. The stock had previously closed at $69.54.

iShares U.S. Transportation ETF Stock Performance

The company has a market capitalization of $979.28 million, a P/E ratio of 4.53 and a beta of 1.11. The business’s fifty day simple moving average is $70.02 and its 200-day simple moving average is $69.09.

Hedge Funds Weigh In On iShares U.S. Transportation ETF

Several institutional investors have recently added to or reduced their stakes in the company. Truist Financial Corp increased its position in iShares U.S. Transportation ETF by 7.5% in the second quarter. Truist Financial Corp now owns 11,302 shares of the exchange traded fund’s stock worth $739,000 after purchasing an additional 784 shares during the last quarter. Brookstone Capital Management purchased a new position in shares of iShares U.S. Transportation ETF in the 3rd quarter worth $242,000. Creative Planning increased its holdings in shares of iShares U.S. Transportation ETF by 3.5% in the 3rd quarter. Creative Planning now owns 26,044 shares of the exchange traded fund’s stock worth $1,795,000 after buying an additional 878 shares during the last quarter. Trilogy Capital Inc. raised its position in shares of iShares U.S. Transportation ETF by 3.4% during the 3rd quarter. Trilogy Capital Inc. now owns 4,700 shares of the exchange traded fund’s stock valued at $324,000 after buying an additional 155 shares in the last quarter. Finally, Toth Financial Advisory Corp raised its position in shares of iShares U.S. Transportation ETF by 9.1% during the 3rd quarter. Toth Financial Advisory Corp now owns 26,552 shares of the exchange traded fund’s stock valued at $1,830,000 after buying an additional 2,225 shares in the last quarter.

iShares U.S. Transportation ETF Company Profile

iShares Transportation Average ETF (the Fund), formerly iShares Dow Jones Transportation Average Index Fund, is an exchange-traded fund (ETF). The Fund seek investment results that correspond generally to the price and yield performance, before fees and expenses, of Dow Jones Transportation Average Index.